Financial Literacy
Quiz
•
Social Studies
•
5th Grade
•
Practice Problem
•
Hard
John Robinson
FREE Resource
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15 questions
Show all answers
1.
DROPDOWN QUESTION
1 min • 1 pt
Before taxes and deductions, Mrs. Allen's pay was $1,600. This is considered her - (a)
net income
gross income
deposits
income tax
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Investing your money means
giving it away for free
putting your money into financial assets with the hope it will earn you more money
burying it in your backyard
spending it all on luxury items
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
House payment, rent, groceriers, and car payment are all examples of
income
needs
deductions
expenses
4.
CATEGORIZE QUESTION
1 min • 1 pt
Organize these options into the right categories
Groups:
(a) Good decision
,
(b) Bad decision
only making the minimum balance on your credit card
using the atm machine when you do not have money in the account
borrowing money from the bank
taking out a student loan to pay for college classes
having a plan for repayment of borrowed money
borrowing money on your credit card
using your student loan to go on spring break vacation
writing a check when you do not have money in your account
borrowing money to buy a house
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A plan for using money is called a ___________
loan
savings
income
budget
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Giving your cousin your apple in exchange for his banana is an example of
bartering
stealing
interest
saving
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The money you earn is called
expenses
donations
income
savings
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